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333696

CBOT Trends-Wheat down 4-6 cents, corn down 2-4, soybeans down 5-7

CHICAGO, Sept 16 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Friday.

WHEAT - Down 4 to 6 cents per bushel

* Wheat declining on spillover pressure from lower corn and soy and as the U.S. dollar firmed.

* The most active December contract hit a one-week low during overnight trading and was on pace for its first weekly drop in four weeks.

* CBOT December soft red winter wheat futures last traded 5-1/2 cents lower at $8.39-1/2 a bushel. K.C. December hard red winter wheat fell 5 cents to $9.21-1/4 a bushel, and MGEX December spring wheat was down 3 cents at $9.25-3/4 a bushel.

CORN - Down 2 to 4 cents per bushel

* Corn lower for a fourth straight session on profit taking ahead of the weekend and after hitting two-month highs to start the week. Rising supplies from the accelerating U.S. Midwest harvest adding pressure but global corn concerns limiting declines.

* The most active December contract fell to a one-week low during overnight trading and held technical chart support at its 20- and 100-day moving averages. The benchmark contract was on pace for its first weekly drop in four weeks.

* Grain trade association Coceral on Friday cut its EU corn crop forecast to 51.9 million tonnes from 66.0 million tonnes in May, citing hot, dry weather.

* French maize crop conditions were stable last week, data from farm office FranceAgriMer showed on Friday, halting a nine-week fall linked to scorching summer weather.

* Argentina's main farming zones are facing the driest conditions in around 30 years, threatening corn planting.

* CBOT December corn futures were last down 2-3/4 cents at $6.74-3/4 per bushel.

SOYBEANS - Down 5 to 7 cents per bushel

* Soybeans lower on long liquidation and profit taking after hitting multi-week highs earlier in the week. Rising supplies of newly harvested soybeans and concerns about dull export demand also pressuring prices.

* The actively traded November contract broke through technical chart support at its 100-day moving average in overnight trading. The benchmark contract remains on pace for its first weekly advance in three weeks.

* CBOT November soybeans last traded 6-1/4 cents lower at $14.45-1/4 a bushel. (Reporting by Karl Plume; Editing by Andrea Ricci)

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